Equities analysts expect that AptarGroup, Inc. (NYSE:ATR) will report $677.90 million in sales for the current quarter, Zacks reports. Four analysts have issued estimates for AptarGroup’s earnings, with estimates ranging from $670.70 million to $682.50 million. AptarGroup posted sales of $685.03 million during the same quarter last year, which suggests a negative year over year growth rate of 1%. The business is scheduled to issue its next earnings results on Wednesday, February 19th.
According to Zacks, analysts expect that AptarGroup will report full-year sales of $2.87 billion for the current fiscal year, with estimates ranging from $2.86 billion to $2.92 billion. For the next financial year, analysts expect that the firm will report sales of $2.99 billion, with estimates ranging from $2.93 billion to $3.10 billion. Zacks’ sales averages are an average based on a survey of analysts that follow AptarGroup.
AptarGroup (NYSE:ATR) last posted its quarterly earnings data on Thursday, October 31st. The industrial products company reported $0.93 earnings per share for the quarter, missing the consensus estimate of $0.96 by ($0.03). AptarGroup had a return on equity of 17.85% and a net margin of 8.16%. The firm had revenue of $701.28 million for the quarter, compared to analysts’ expectations of $698.93 million. During the same quarter in the previous year, the firm posted $0.97 earnings per share. The company’s revenue for the quarter was up 5.3% on a year-over-year basis.
Several research firms have weighed in on ATR. ValuEngine cut shares of AptarGroup from a “buy” rating to a “hold” rating in a research report on Wednesday. Zacks Investment Research upgraded shares of AptarGroup from a “sell” rating to a “hold” rating and set a $123.00 price objective on the stock in a research report on Monday, October 14th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. AptarGroup presently has an average rating of “Hold” and an average price target of $121.33.
In other news, Director Maritza Gomez Montiel sold 2,313 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $112.73, for a total transaction of $260,744.49. Also, Director Joanne C. Dr Smith sold 5,749 shares of the business’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $118.65, for a total transaction of $682,118.85. Following the transaction, the director now owns 20,053 shares in the company, valued at $2,379,288.45. The disclosure for this sale can be found here. Insiders own 3.00% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Allianz Asset Management GmbH raised its position in shares of AptarGroup by 1.3% during the second quarter. Allianz Asset Management GmbH now owns 6,771 shares of the industrial products company’s stock valued at $842,000 after buying an additional 86 shares during the last quarter. MAI Capital Management raised its holdings in shares of AptarGroup by 4.5% during the second quarter. MAI Capital Management now owns 2,194 shares of the industrial products company’s stock worth $273,000 after acquiring an additional 94 shares during the period. Brinker Capital Inc. raised its holdings in shares of AptarGroup by 1.4% during the third quarter. Brinker Capital Inc. now owns 6,790 shares of the industrial products company’s stock worth $804,000 after acquiring an additional 97 shares during the period. Municipal Employees Retirement System of Michigan raised its holdings in shares of AptarGroup by 0.9% during the third quarter. Municipal Employees Retirement System of Michigan now owns 11,750 shares of the industrial products company’s stock worth $1,392,000 after acquiring an additional 110 shares during the period. Finally, LS Investment Advisors LLC raised its holdings in shares of AptarGroup by 4.1% during the third quarter. LS Investment Advisors LLC now owns 3,210 shares of the industrial products company’s stock worth $380,000 after acquiring an additional 126 shares during the period. Institutional investors and hedge funds own 88.75% of the company’s stock.
NYSE ATR opened at $113.97 on Wednesday. AptarGroup has a twelve month low of $88.26 and a twelve month high of $126.19. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.45 and a current ratio of 2.04. The stock has a market cap of $7.20 billion, a price-to-earnings ratio of 27.66, a PEG ratio of 2.77 and a beta of 0.68. The firm’s 50 day moving average price is $112.15 and its two-hundred day moving average price is $117.95.
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, October 30th were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.26%. The ex-dividend date was Tuesday, October 29th. AptarGroup’s dividend payout ratio is currently 36.00%.
AptarGroup, Inc provides a range of packaging, dispensing, and sealing solutions primarily for the beauty, personal care, home care, prescription drug, consumer health care, injectable, and food and beverage markets. The company operates through three segments: Beauty + Home, Pharma, and Food + Beverage.
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